About Tervela
Tervela is a Technology company based in Boston (United States) founded in 2004, and was acquired by Box in February 2021. Solutions for data migration, filtering, and visualization are offered. Tervela has raised $60.2 million across 4 funding rounds from investors including Box, Goldman Sachs and North Hill Ventures. The company has 21 employees. Its focus areas include Enterprise Infrastructure, Cloud Infrastructure, Cloud Migration and Data Migration. Its legal entity is TERVELA, INC. Its competitors include Skytap, Smarsh and IDrive; 3 of its 3 listed competitors have raised funding.
Company details
Tervela was founded in 2004 in Boston, United States, focusing on data management technologies. Products such as CloudFastPath are utilized for automated file migration, synchronization, and cloud backups. Data Fabric is employed to capture information from large-scale sources and distribute it via web platforms for downstream use. NetCharts supports visualization through dashboards. Clients including 3DResults, ACG, Bank of America, and Credo are served in the technology sector.
- Headquarters Boston, United States
- Employees 21
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website tervela.com
- Social LinkedIn X Facebook
- Acquired by Box (Feb 2021)
- Legal Name Tervela, Inc.
Funding Insights of Tervela
Tervela has successfully raised a total of $60.2M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $18 million completed in September 2009. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $60.2M
- Total Rounds 4
- Last Round Series D — $18M
- First Round $12M
(Dec 2005)
- Investors Count 3
All 4 funding rounds of Tervela with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2009 | $18M | Series D | – | Goldman Sachs, North Hill Ventures | – |
| Dec 2007 | $20.2M | Series C | – | – | |
| Jan 2006 | $10M | Series B | – | – | – |
| Dec 2005 | $12M | Series A | – | – | – |
4 investors in total: 4 institutional.
Investors in Tervela
Tervela has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Box, Goldman Sachs and North Hill Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investment banking services are delivered across multiple financial sectors. | 1869 | goldmansachs.com | New York, United States | |
Investment services are offered by North Hill Ventures in fintech. | northhillventures.com | Boston, United States | ||
Early-stage venture capital is invested in US companies. | sigmaprime.com | Boston, United States | ||
AI-based platform for secure collaboration and content management is utilized. | 2005 | box.com | Redwood City, United States |
Investor details for Tervela
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People of Tervela
1 people are tracked at Tervela (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
Gant Redmon | CEO | Leadership |
Complete people profiles for Tervela
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Tervela
4 dated milestones of Tervela across 17 years, from founding to its latest funding, stage changes and deals.
- Founded Tervela is founded.
- Funding First funding round of $12.0M.
- Funding Latest funding round, Series D, of $18.0M.
- Exit Acquired by Box.
Competitors of Tervela
Tervela has 3 listed competitors in our database, 3 of them funded. They include Skytap, Smarsh and IDrive.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| skytap.com | 2006 | Seattle, United States | $127.51M | 138 | Cloud-based environments are delivered for application development and testing. | |
| smarsh.com | 2001 | Portland, United States | $6.68M | Compliance management solutions for financial institutions' communications are provided. | ||
| idrive.com | 1995 | Calabasas, United States | $3M | 420 | Cloud storage and secure backup solutions are provided. |
Detailed competitors of Tervela
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
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Web traffic of Tervela
Websites that share an audience with Tervela (tervela.com).
Websites whose visitors overlap most with Tervela. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| bityota.com | 100% | View details | |||
| cloudfastpath.com | 100% | View details | |||
| intersystems.com | 79% | 291.6K | #177,582 | View details |
Top companies in IT Services & Operations
3 companies that operate in the same segment as Tervela (IT Services & Operations) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud orchestration solutions are provided for multi-cloud and device applications. | 1998 | Palo Alto, California, United States | USD 595.83 M | USD 812.05 M | 8,861 | |
A cloud-based platform for incident management software is provided. | 2009 | San Francisco, California, United States | USD 173.6 M | USD 492.55 M | 4,473 | |
Unified IT management is delivered through a cloud-based platform. | 2004 | Santa Clara, California, United States | USD 83.7 M | USD 13.28 B | 26,290 |
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Related news about Tervela
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Frequently Asked Questions about Tervela
Tervela was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Tervela is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
Tervela is a funded company, having raised a total of $60.2M across 4 funding rounds to date. The company's 1st funding round was a Series A of $12M, raised on Dec 2005.
Tervela has 21 employees.
Tervela was founded in 2004 in Boston, United States, focusing on data management technologies. Products such as CloudFastPath are utilized for automated file migration, synchronization, and cloud backups. Data Fabric is employed to capture information from large-scale sources and distribute it via web platforms for downstream use. NetCharts supports visualization through dashboards. Clients including 3DResults, ACG, Bank of America, and Credo are served in the technology sector.
Tervela has 4 investors. Key investors include Box, Goldman Sachs, North Hill Ventures, and Sigma Prime Ventures.
Tervela operates through Tervela, Inc..
Yes. Tervela was acquired by Box in February 2021.